Teacher Retirement System of Texas Increases Position in Crocs, Inc. (NASDAQ:CROX)

Teacher Retirement System of Texas lifted its holdings in Crocs, Inc. (NASDAQ:CROX - Free Report) by 85.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,601 shares of the textile maker's stock after acquiring an additional 14,110 shares during the period. Teacher Retirement System of Texas owned 0.05% of Crocs worth $3,250,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its stake in Crocs by 1,516.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker's stock worth $145,299,000 after purchasing an additional 1,244,480 shares during the last quarter. Norges Bank bought a new stake in Crocs in the fourth quarter worth about $62,221,000. Altshuler Shaham Ltd lifted its stake in Crocs by 30,778.0% in the fourth quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock worth $50,055,000 after purchasing an additional 455,515 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Crocs by 49.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker's stock worth $143,309,000 after purchasing an additional 429,994 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Crocs by 167.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 490,544 shares of the textile maker's stock worth $53,730,000 after purchasing an additional 307,185 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

Wall Street Analysts Forecast Growth

CROX has been the subject of several analyst reports. Barclays decreased their price objective on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Piper Sandler decreased their price objective on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Loop Capital lifted their price target on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. The Goldman Sachs Group assumed coverage on shares of Crocs in a research note on Wednesday, July 2nd. They set a "sell" rating and a $88.00 price target for the company. Finally, Stifel Nicolaus decreased their price target on shares of Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.13.

Crocs Stock Down 2.0%

CROX stock traded down $2.10 during trading on Friday, hitting $103.75. 748,783 shares of the company's stock traded hands, compared to its average volume of 1,520,582. The firm has a market capitalization of $5.82 billion, a P/E ratio of 6.36, a PEG ratio of 2.16 and a beta of 1.38. The business has a fifty day simple moving average of $105.56 and a two-hundred day simple moving average of $103.14. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 0.75. Crocs, Inc. has a 1 year low of $86.11 and a 1 year high of $151.13.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.49. The company had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. Crocs had a net margin of 23.35% and a return on equity of 43.07%. Crocs's revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $3.02 earnings per share. Sell-side analysts anticipate that Crocs, Inc. will post 13.2 EPS for the current year.

Insider Transactions at Crocs

In other Crocs news, Director Ian Bickley sold 3,044 shares of Crocs stock in a transaction on Monday, May 12th. The shares were sold at an average price of $115.89, for a total value of $352,769.16. Following the transaction, the director directly owned 27,505 shares of the company's stock, valued at approximately $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.